Leading Saudi developer Umm Al Qura has announced that it has signed reservation agreements with a real estate fund managed by Watheeq Capital for the sale of three land plots within its mega Masar Destination project in Makkah for a total value of SAR441.1 million ($118 million).
Dubai Electricity and Water Authority (Dewa) has announced that it has ranked first in 13 key performance indicators across its operations, alongside leading regional indicators, demonstrating that excellence in Dubai is measured by impact rather than scale alone.
National flag carrier Saudia Group has achieved a new milestone by ranking first among global airlines for on-time performance in June, thus reflecting the efficiency of its integrated operational system, while its low-cost unit flyadeal topped carriers in the Middle East and Africa, said a report.
The Rock-It Company, a global leader in mission-critical logistics based in New York providing specialist transport, storage and supply chain solutions for automotive, motorsport, live touring and luxury goods sectors, has set up its Middle East headquarters in Abu Dhabi to oversee its regional operations.
Artificial intelligence (AI) has become a growing strategic focus for luxury companies as consumers increasingly use AI tools during purchasing decisions, although many brands are still working to move beyond experimentation, according to an industry expert.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has opened Explorers, a new indoor family entertainment destination at City Centre Mirdif in Dubai, combining free-play attractions including climbing structures, tunnels and slides with educational workshops.
Qatar has inaugurated its first smart mosque, featuring renewable energy and water-saving technologies, as it seeks to modernise mosque infrastructure and promote sustainability. The complex has been built on a 4,015-sq-m site using a contemporary architectural design.
Hyundai Motor Group today announced the launch of its expanded joint traineeship programme, in collaboration with the Mohammed bin Salman Foundation “Misk”.
Bahrain's Institute for Pearls and Gemstones (Danat) has named a new board of directors led by Chairman Mohamed Ahmed AlSada. The reconstituted board will oversee the institute's pearl, gemstone and jewellery testing services and support its role in the kingdom’s gem industry.
Bahrain Bourse (BHB) has announced the issuance of its Investor Relations (IR) guidelines, designed to promote greater transparency and support listed companies in strengthening their investors relations practices as part of its ongoing efforts to develop the capital market in the kingdom.
Emirates Telecommunications Group Company (e&) has announced the termination of its relationship agreement with Vodafone Group and sale of its shares in the company for approximately AED21.8 billion ($5.95 billion).
Abu Dhabi's Integrated Transport Centre (ITC) has inaugurated a central control room to oversee and monitor autonomous vehicle operations across the emirate, as authorities step up efforts to support the rollout of self-driving transport services.
PHD MENA, an Omnicom Media agency, has been appointed as media agency of record for Wynn Al Marjan Island in Ras Al Khaimah.
Qatar's top government body, the Amiri Diwan, has announced that the country's former emir Sheikh Hamad bin Khalifa Al Thani, whose leadership transformed the Gulf state into a global energy powerhouse and raised its international profile, died on Sunday at the age of 74.